Direct Tax Vivad Se Vishwas Scheme, 2024

Background:

Taking note of the huge pendency of appeals before various appellate authorities and courts and considering the success of the Vivad se Vishwas Scheme, 2020 (VSV 2020), with a view to expeditiously dispose appeals and reduce litigation, the Government has proposed a new Vivad Se Vishwas Scheme, 2024 (VSV 2024).

Proposed scheme:

The scheme can be opted for by an appellant, which means:

• Whose appeal or writ petition or special leave petition is pending before the Appellate Forum on 22 July 2024
• When objections are filed before the Dispute Resolution Panel (DRP) but directions are pending to be given by the panel
• When directions are given by the DRP but assessment is yet to be completed.